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with your money on the line, tonight washington can only claim progress. but not success. >> it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. >> we're very, very close. >> reporter: close comes after intense, closed-door negotiations that kept even most members of congress in the dark. the white house and senate leaders have been trying to beat a deadline they created to stop massive tax increases and automatic spending cuts that could trigger another recession. but one breakthrough did come today. >> i can report that we've reached an agreement on all of the tax -- the tax issues. >> reporter: a genuine compromise on taxes. most notable, rates would go up for couples earning above $450,000 a year. and today the same for everyone else. but they are divided over how much and how soon to cut government spending. and people are frustrated. >> sometimes you wonder, is it all just for show, or, you know, what's really going on behind closed doors? >> reporter: come midnight, your takehome pay shrinks. income t
with your money on the line, tonight washington can only claim progress. but not success. >> it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. >> we're very, very close. >> reporter: close comes after intense, closed-door negotiations that kept even most members of congress in the dark. the white house and senate leaders have been trying to beat a deadline they created to stop massive tax increases and automatic spending cuts...
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let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the senate on that tonight, but they could if they work something out. otherwise we have the framework from sources familiar with these negotiations. here are some of the things that are on it. taxes would rise to return to the clinton error rates for families making over 450,000 year to may individuals making more than 400 to a back to the top rate of 36%. there would be a permanent fix to the alternative minimum tax, which is something that congress patches every year. it affects about 30 million people and is worth about 90 billion per year. that would get fixed permanently according to the sources. the estat
let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the...
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national fireworks could be in store if leaders in washington cannot compromise. the house has announced it will vote on other bills tonight. >> that means america will, indeed, fall of the fiscal cliff at midnight, at least technically. sally kidd is in washington with more. >> the two sides say they are very close to a final deal, but there is still a major sticking point. congress is going to miss its midnight deadline. just hours to go in the fiscal cliff is in sight. >> i can report that we have reached a deal on all the tax issues. >> the agreement looks like this. taxes will go up on folks earning more than $250,000 a year. tax credits for college tuition, clean energy and for those with children would be extended as well. >> it is not done. >> there are still some things to be resolved before it can bring legislation to the floor. >> in an afternoon briefing, president obama said he will not accept the deal that slashes spending without raising taxes, too. >> if they think that is going to be the formula for how we solve this thing, that is not how it is g
national fireworks could be in store if leaders in washington cannot compromise. the house has announced it will vote on other bills tonight. >> that means america will, indeed, fall of the fiscal cliff at midnight, at least technically. sally kidd is in washington with more. >> the two sides say they are very close to a final deal, but there is still a major sticking point. congress is going to miss its midnight deadline. just hours to go in the fiscal cliff is in sight. >> i...
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he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were very, very close to sequester the automatic spending cuts remain an outstanding issue. and kind of got thrown into the mix again today. you know the president in that appearance in the executive office building today in front of a supportive crowd, not really a press conference, more of like a minirally talked about the sequester and his desire to have any delay in the sequester paid for with revenue increases. you know, i talked to a few house members just a few moments ago. not only ot tone of the president's presentation but also that demand which they consider move og the goalpost even though democrats disput
he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were...
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he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd, you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy, the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were very, very close to sequester the automatic spending cuts remain an outstanding issue. and kind of got thrown into the mix again today. you know, the president in that appearance in the executive office building today in front of a supportive crowd, not really a press conference, more of like a minirally, talked about the sequester and his desire to have any delay in the sequester paid for with revenue increases. you know, i talked to a few house members just a few moments ago. not only ot tone of the president's presentation, but also that demand which they consider move og the goalpost even though democrats d
he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd, you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy, the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were...
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to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more he's a journalist and political commentator on cross talk rules in effect if you want to do this for this episode here. analysts say if i go to you first in paris if there is a hierarchy of events or ideas of the year that's about to end what would they be for you. well it's got to be the presidential election for us because that was really sort of the great thing marking the. political year and the fact that because you were sent home by the voters so i would say that's the biggest thing this year john how about you but what's because i was going to say to you do you think two thousand and twelve droned along. did go along for a lot of unfortunate people in pakistan and yemen and elsewhere they're not too happy with the u.s. drone program there but i think probably you know my realm is foreign policy and i think unfo
to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more he's a journalist and political commentator on cross talk rules in effect if you want to do this for this episode here. analysts say if i go to you first in paris if there is a hierarchy of events or ideas of the year...
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with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion over the next decade, if they want to undo the sequester or do further cuts to medicare or social security, those -- that will all have to be part of, as he put it, a balanced package including revenues. he's saying even after this deal, the next deal, which we all expect to happen again because this is a pretty small deal, will have to include revenues as well. this gets to the key thing in these negotiations which is republicans are telling themselves if they agree to do a small tax increase now, they can go to the debt ceiling and then negotiate out an all spending cuts deal. the white house is telling th
with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion...
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. >> as we wait for word of the deal, lawmakers in washington are under close scrutiny. that is because the alternative will impact almost every american. we are joined by nikole killion, who is live in washington to explain. >> some analysts say this is more of fiscal slope rather than a cliff, since the effects would be gradual, rather than a straight free fall. either way, it could be a long way down. >> higher taxes in 2013. >> 2013, taxes go up. >> several tax breaks expire and the tax policy center estimates the average household would face a tax hike of almost $3,500 in the new year. >> that means less money to buy groceries and pay the bills. >> consequence number two, delayed refunds. >> as many as 1 million taxpayers may get their money back late without a fix to the alternative minimum tax. consequence number three, automatic spending cuts. about $110 billion has to be slashed from the budgets across the board. >> the secretary of defense says it will decimate our ability to defend this nation. >> consequence number four, jobless benefits end. that have been e
. >> as we wait for word of the deal, lawmakers in washington are under close scrutiny. that is because the alternative will impact almost every american. we are joined by nikole killion, who is live in washington to explain. >> some analysts say this is more of fiscal slope rather than a cliff, since the effects would be gradual, rather than a straight free fall. either way, it could be a long way down. >> higher taxes in 2013. >> 2013, taxes go up. >> several tax...
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so, on balance, not bad for what we have in washington at this point. >> all right, let's get to your outlook for next year and you do look, like two sectors that have been on absolute tears this year, we're talking housing and banking. >> yes. one of the things i found interesting, there was a chart i came across over the weekend, the price of a median house in the united states in gold terms, it costs about 600 ounces of gold to buy the median house at the turn of a century, only 90 ounces of gold right now. housing is cheap. gold is expensive. housing's cheap, gold is dear. we may see the housing market continue to do better. i think that's going to continue. a lot of people who lost jobs are getting jobs back. college students are actually feeling a little bit better about life. they are finding apartments. those number of units we're having are going to be very beneficial. i suspect over the next year, what one wants to do is err upon the side of being out of gold stocks and long of housing stocks given the fact that we've taken that housing to gold ratio from 600 ounces to 100 o
so, on balance, not bad for what we have in washington at this point. >> all right, let's get to your outlook for next year and you do look, like two sectors that have been on absolute tears this year, we're talking housing and banking. >> yes. one of the things i found interesting, there was a chart i came across over the weekend, the price of a median house in the united states in gold terms, it costs about 600 ounces of gold to buy the median house at the turn of a century, only...
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there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue chips, there was some flip-flopping going on. the biggest gainer last year, the biggest dog of the dow. bank of america. doubled in price this year as the bank improved its financial footing. home depot and disney all saw strong earnings. consumers proved resilient in 2012. jpmorgan another of last year's dogs round out the top five with all big double digit percentage increases. if you look at the numbers, bank of america up a whopping 108%. home depot up 46%. now, hewlett-packard, the dow's second biggest loser in 2011 is this year's worst perform
there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue...
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. >> just like those two in washington, they are talking but they're also posturing and posing instead of negotiating. it's gamesmanship. it's not cooperative governing but competitive dealmaking where each is merely trying to crush the other as daniel day-lewis' ruthless oil man did in "there will be blood." >> my sword reaches across the room and starts to drink your milkshake. i drink your milkshake. i drink it up! >> who will drink the other's milkshake? will they learn how to talk to each other? will they drive off the cliff? oh, there's a cheap hollywood feel to this bhol narrative, this self-inflicted drama, and i hope no one ever, ever makes a movie about it. that does it for "the cycle." jonathan capehart is in the chair today? i feel like he's cheating on us. weren't you part of "the cycle", brother? >> i was, but it's a new day now. thanks guys. i'm jonathan capehart in for martin bashir on this december 31st, 2012. we're so very close to a deal that would stop all hell from breaking loose. oh, and happy new year. >> today it appears that an agreement to prevent this new yea
. >> just like those two in washington, they are talking but they're also posturing and posing instead of negotiating. it's gamesmanship. it's not cooperative governing but competitive dealmaking where each is merely trying to crush the other as daniel day-lewis' ruthless oil man did in "there will be blood." >> my sword reaches across the room and starts to drink your milkshake. i drink your milkshake. i drink it up! >> who will drink the other's milkshake? will...
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i live in washington, dc there is essentially no recession in washington. certainly not in the government sector so for the president to give a raise if a situation where most americans have not gotten a raise at all it looks bad and particularly bad at a time when the government seems to be frozen. >> a lot of people may argue that congress does not deserve a raise considering this fiscal cliff situation and the breaking news is no voice in the house tonight. how will it end up? >>reporter: it will end up how we have always known which is republicans are going to agree to an increase in the tax rates for the highest earners. in exchange they will not get a lot. but there will be an agreement. they are haggling over the amount, $250,000 to $400,000, around that and concerns about sequestration cuts. i have talked to senator whose say they could live with the taxes but the automatic across-the-board cuts especially in defense, because the sequestration cuts are divides half between defense and half the rest of discretionary spending, that is disproportionate
i live in washington, dc there is essentially no recession in washington. certainly not in the government sector so for the president to give a raise if a situation where most americans have not gotten a raise at all it looks bad and particularly bad at a time when the government seems to be frozen. >> a lot of people may argue that congress does not deserve a raise considering this fiscal cliff situation and the breaking news is no voice in the house tonight. how will it end up?...
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it's monday december thirty first two thousand and twelve four pm in washington d.c. i'm christine and you're watching our team or we going to begin this hour with a look at the latest on the fiscal cliff tonight at midnight is the deadline after all and it even brought the u.s. congress into work yesterday on a sunday as some people have been waiting with bated breath to see just what the terms of the deal will look like it's important to remember at least for the last few years budget deals always come down to the last known moment getting this done before the holidays would have meant lawmakers on both sides would appear to their constituents as desperate and being forced to vote one way or the other now we do want to outline for you the latest details of the deal to avert the fiscal cliff as of now the potential deal could bring six hundred billion dollars in revenue taxes would be increased. by nearly forty percent on individuals earning four hundred thousand dollars or more and for families earning four hundred fifty thousand dollars the earned income tax credit
it's monday december thirty first two thousand and twelve four pm in washington d.c. i'm christine and you're watching our team or we going to begin this hour with a look at the latest on the fiscal cliff tonight at midnight is the deadline after all and it even brought the u.s. congress into work yesterday on a sunday as some people have been waiting with bated breath to see just what the terms of the deal will look like it's important to remember at least for the last few years budget deals...
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he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from what dana is reporting, that a deal is in sight. republicans are saying they're going to have a vote tonight. looks like a deal is done. >> with the senate. >> we don't know what the house will do. and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will. >> but you agree if the president of the united states supports it, most of the house democrats will support it. so you don't need a majority of the republicans, you need a few republicans to get to that magic number of 218. >> exactly. obama and pelosi seem to have a firm grasp on the house democrats. it's just a matter of getting it to a vote in the house. what's happened over the course of the day is we had this seesaw. when details leak out, that angers democrats, they go back to the negotiating room and fight for a bit more. then some details leaked out that there wer
he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from what dana is reporting, that a deal is in sight. republicans are saying they're going to have a vote tonight. looks like a deal is done. >> with the senate. >> we don't know what the house will do. and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will....
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people in washington don't want to cut programs especially their own. real americans say we need serious entitlement reform. but the president is dead set against that. that's the problem here. long-term we've got to deal with entitlements. i don't think this deal would touch those at all. that is a serious problem that i think threatens the financial stability of our nation. >> all right. we appreciate your thoughts, folks. thank you very much. happy new year. >> you too. thank you. >>> we are heading towards the close. and about 35 minutes left. we continue to come off those highs. the dow was up 150 points at the peak. now a gain of 106 right now. >> we're sitting above the 13,000 mark. that's the level to watch. whether we can close out the year above that mark. >>> still ahead, what's going to happen in the worlds of tech in 2013? we've got predictions that might shock you like who might buy netflix. >>> also the five-year drop is truly ugly, but bank of america has been a agreement investment this year. should you stay with it for 2013 or will the
people in washington don't want to cut programs especially their own. real americans say we need serious entitlement reform. but the president is dead set against that. that's the problem here. long-term we've got to deal with entitlements. i don't think this deal would touch those at all. that is a serious problem that i think threatens the financial stability of our nation. >> all right. we appreciate your thoughts, folks. thank you very much. happy new year. >> you too. thank...
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the fact to agree here in washington, d.c. about these numbers at $400,000 for individuals and $450,000 for couples, think about how much this is argued over over 10 years in washington. these tax levels. not just sunsetted later on, it's for couples and individuals permanently and a huge deal and what mitch mcconnell was trying to say, we have come to this agreement. voting to raise taxes. that's huge for republicans. don't scuttle it because of some hiccup over the sequester. now a lot of democrats who don't like this, they want the president to fight. remains to be seen is that can it pass the house gop? house republicans said any type of deal that doesn't cut spending will not get our vote even if it comes out of the senate. still a long way to go on any final compromise. >> kristen, what are you hearing out of the white house right now? >> toure, i'm hearing that actually their optimism seems to be mounting this afternoon. they are hopeful. you heard mitch mcconnell say it on the senate floor, they're very, very close to
the fact to agree here in washington, d.c. about these numbers at $400,000 for individuals and $450,000 for couples, think about how much this is argued over over 10 years in washington. these tax levels. not just sunsetted later on, it's for couples and individuals permanently and a huge deal and what mitch mcconnell was trying to say, we have come to this agreement. voting to raise taxes. that's huge for republicans. don't scuttle it because of some hiccup over the sequester. now a lot of...
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>> i think washington, d.c. everyone. rs everyone. i think what joe mentioned yesterday is exactly right. people are looking at washington and seeing a dysfunctional city, dysfunctional government and we've got to prove them different and we've got, i think, we've got two to three months to really do something significant. you know, the campaign to fix the debt, which is bipartisan, greg and bloomberg and i are co-claire, we've been calling for them to do something big. they had seven weeks to do something big, and they didn't. they kicked the can down the road. >> they add decade to do something big. jimmy, listen, we are heading into the nur yeanew year, it is time for forgiveness. i will defend congress for a second. i was thinking about this last night, right? they are in an impossible tossing. if they say, i'm sorry, you won't get everything promised. period. next election they are go gone because someone will step up and say, sure, i will give you everything. i don't know how i'm going to pay for it. so i feel a little bad for c
>> i think washington, d.c. everyone. rs everyone. i think what joe mentioned yesterday is exactly right. people are looking at washington and seeing a dysfunctional city, dysfunctional government and we've got to prove them different and we've got, i think, we've got two to three months to really do something significant. you know, the campaign to fix the debt, which is bipartisan, greg and bloomberg and i are co-claire, we've been calling for them to do something big. they had seven...
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that's coming up. >>> joe johns here in washington, d.c. where we are following the fiscal cliff negotiations. we just heard from the president of the united states here in washington, saying that a deal is within sight, but it is not done. he urged his supporters to keep the heat on congress until it's done. he focused among other things the fact that this deal would extend tax credits for families, extend the tuition tax credit and other things. also expressed concerns about cuts to social spending, which have not yet been worked out. so we're following all of that, and waiting to hear more about these outlines of a deal that have started to emerge. deb, back to you in atlanta. >> joe, also said that he would prefer to have done a grand bargain, but he's willing to take right now what he can get. late last night, when talks seemed to have broken down, vice president joe biden swooped in to help get them restarted. biden took an urgent call from mitch mcconnell, and the two agreed to plow forward again today. keep in mind this is the same
that's coming up. >>> joe johns here in washington, d.c. where we are following the fiscal cliff negotiations. we just heard from the president of the united states here in washington, saying that a deal is within sight, but it is not done. he urged his supporters to keep the heat on congress until it's done. he focused among other things the fact that this deal would extend tax credits for families, extend the tuition tax credit and other things. also expressed concerns about cuts to...
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washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about where this is headed. take a listen to senator tom harkin who took to the senate floor
washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts...
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i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. this is a fast-moving story. give us the latest perimeters of what appears -- i emphasize appears to be the start of a deal. >> well, it has been coming closer together, so we are told. the question is what will the president be saying, and senior advisors here as well as senators i've spoken to say they do not expect that he is making any nounment of a deal, so we'll wait for the white house to determine that for sure. what we've been hearing is that they h
i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc...
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all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before the president started speaking today. the dow is up 45 points. nasdaq is up about 32, and s&p is up about nine. not a huge amount of optimism. still across the board green. we're keeping an eye on duff and phelps. this is a private equity firm, struck a deal to buy that company for $365 million that is 19% premium from the closing price on friday. duff is up almost 20% on the day. year-to-date up 8%. not a bad way to close out the year for duff and fellsps. back to you. lori: thank you. there is little optimism. the fact we heard from the president who seemed to helicopter in as liz macdonald was suggesting to me in the greenroom here and that we are seeing some numbers. looks like the tax cut threshold, 400 for in
all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before the president started speaking today. the dow is up 45 points. nasdaq is up about 32, and s&p is up about nine. not a huge amount of optimism. still across the board green. we're...
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given the deadlock in washington does he have a point? we'll see what history has to tell us and debate fair & balanced. rick: a fox news alert. we are 15 minutes away from hearing from president obama who is scheduled to speak on the on going negotiation toss try to avoid going over the so-called fiscal cliff. we got word the president is going to talk. we have been getting word over the last couple of phepbts about the framework for a possible deal that has been reached. this is a tentative deal. but it does not at this point involve any spending cuts. it puts off the sequestration, the mandatory cuts that were set to take place if no deal was reached by january 1st. it also includes tax increases, tax rate increases on some upper income brackets. again these are all tentative reports about a possible deal. the president set to speak at about 1:30pm eastern time and we'll carry it for you live right here. arthel: new controversy surrounding the bankruptcy filing by the city of stockton, california. city leaders are apparently going to p
given the deadlock in washington does he have a point? we'll see what history has to tell us and debate fair & balanced. rick: a fox news alert. we are 15 minutes away from hearing from president obama who is scheduled to speak on the on going negotiation toss try to avoid going over the so-called fiscal cliff. we got word the president is going to talk. we have been getting word over the last couple of phepbts about the framework for a possible deal that has been reached. this is a...
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a celebration of another kind in the washington area today. if you've not heard, the redskins have claimed the nfc east title and are headed to the playoffs. as jummy olabanji reports, the race is on for the fans to get decked out in the burgundy and gold./ >> as soon as the game clock ran out at fedex field, people across the d.c. area began celebrating the redskins big win. early this morning, area sports stores began unpacking shipments of brand new nfc east champion merchandise. in bethesda they had t-shirts hats, and tennis. store managers tell us they had several calls from eager redskins fans before they even open this morning. the team has been on its winning streak the burgundy and gold apparel has been flying off store shelves. folks have had no problem showing their pride and shelling out money to do so. at this t-shirt-printing company in lanham, maryland, the t- shirts are coming right off the presses. these went into printing early this morning. the artwork was finished saturday night before the game was over. after last night's
a celebration of another kind in the washington area today. if you've not heard, the redskins have claimed the nfc east title and are headed to the playoffs. as jummy olabanji reports, the race is on for the fans to get decked out in the burgundy and gold./ >> as soon as the game clock ran out at fedex field, people across the d.c. area began celebrating the redskins big win. early this morning, area sports stores began unpacking shipments of brand new nfc east champion merchandise. in...
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you know what, her social security is guaranteed because nobody in washington is going to go after it. >> you got it. >> thank you very much. i want to thank ben, jen, jimmy, and machine kay and jim a's mom, and that is all for now. alex returns here on wednesday on noon eastern, 9:00 a.m. pacific, and she'll be joined by rnc chair, meeblg steele, e sfwl ra clean, the "new york times" hugo lindgren, times rona, and norm ornstein of the american enterprise institute. can you follow alsxex now at facebook.com/now with alex. andrea mitchell reports next with chris sitting in for andrea, and will he have the president's live remarks on the fiscal cliff. good afternoon to you, chris. >> hello, joy. thank you very much. coming up, are we close to a deal? president obama will speak in about 30 minutes. we'll have it live. also joining us delaware senator chris kuhns, jack kingston and maryland democratic congressman elijah cummings talking about the cliff and the deal, maybe. we're also live at new york's presbyterian hospital with the latest on secretary of state hillary clinton's condition
you know what, her social security is guaranteed because nobody in washington is going to go after it. >> you got it. >> thank you very much. i want to thank ben, jen, jimmy, and machine kay and jim a's mom, and that is all for now. alex returns here on wednesday on noon eastern, 9:00 a.m. pacific, and she'll be joined by rnc chair, meeblg steele, e sfwl ra clean, the "new york times" hugo lindgren, times rona, and norm ornstein of the american enterprise institute. can...
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know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blame that is actually not warranted? >> reporter: and you're right. you'll remember the president did actually admonish the europeans to get a deal done. tim geithner said again and again it was time for the europeans it to stop messing about. the canadian finance minister was furious at the g-8, the way the europeans were may having. geithner even came over to europe to try and sort of chimy them along he was so woerried. i don't think the fiscal cliff is quite as dramatic and dreadful as if there was a greek exit for all of the euro zone collapsed. that would have been far worse, but this drip you're talking about it hour after hour. this drip, drip, drip effect is corrosive to investor confidence and co
know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blame that is actually not warranted? >> reporter: and you're right. you'll remember the president did...
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doug mckelway joins us live from washington with details. and, doug, the complaints of the longshoremen whose strike was temporarily averted last week is a symbol what is threatening unions across the u.s., right? >> reporter: it sure is, uma. the longshoremen reached a temporary, 30-day deal last week, last friday which puts off immediate threat of a strike but the long term problems remain. today, for example, it takes one longshoremen to do a job that a generation ago took three men to do. as automation increased longshoremen's union demanded their job security preserved but the industry finds it prohibitively expensive. >> an tick waited rules. we've seen it in the automotive industry, the steel industry, in several productivity machines and they come into play and people get displaced by. that it is a difficult thing. in order to maintain the cost and competitiveness in a global marketplace we have got to pay attention to. >> reporter: in some respects president obama is caught in a web of his own making. he wants to be competitive in t
doug mckelway joins us live from washington with details. and, doug, the complaints of the longshoremen whose strike was temporarily averted last week is a symbol what is threatening unions across the u.s., right? >> reporter: it sure is, uma. the longshoremen reached a temporary, 30-day deal last week, last friday which puts off immediate threat of a strike but the long term problems remain. today, for example, it takes one longshoremen to do a job that a generation ago took three men to...
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washington doesn't tax too little. it spends too much. until we recognize that and deal with what is driving federal spending, we are going to continue to saddle future generations with more debt, with more liabilities, with a lower standard of living and a lower quality of life than we've experienced and that is not fair to emthis. it's time for us to demonstrate the political courage that is mess to take on the big -- the political courage that is necessary to take on the big issues and have the a vote. late put it on the floor and let's vote on t let's do something around here that matters, that is meaningful to the future of this country. rather than wait until the last day and the last hour and allow two people to sit in a room and decide the fate and the future of this great country. mr. president, i yield the floor. mr. paul: mr. president? the presiding officer: the senator from kentucky. mr. paul: something you may have heard, there's something called the fiscal cliff aproposing. and we must do something about it or we will go ov
washington doesn't tax too little. it spends too much. until we recognize that and deal with what is driving federal spending, we are going to continue to saddle future generations with more debt, with more liabilities, with a lower standard of living and a lower quality of life than we've experienced and that is not fair to emthis. it's time for us to demonstrate the political courage that is mess to take on the big -- the political courage that is necessary to take on the big issues and have...
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ike's great talent was he found this pashtun much the way george washington brushed aside his own impotence of ordnance in the revolution your while at key moments he put his foot down and essentially told the brits to stuff it. that didn't stop field marshal bernard montgomery from becoming a thorn in the sight of all american commanders in europe for the duration of the war. but ike, omar bradley, george patton all managed to work around to minimize the negative impacts of the war effort. so when the war ends we are expected to supply wealth and prosperity to all. we do to the death of our ability. and yet this brings with it this ironing that by supplying wealth and protection you are eroding the very disciplines that are necessary to maintain and perpetuate prosperity for yourself and prosperity and freedom for others. that would be the challenge for the next 75 years and the topic of volume two. how to provide a canopy of liberty and perpetuate american exceptionalism while allowing in just enough rain of difficulty and disappointment to remind americans and the world that the era in w
ike's great talent was he found this pashtun much the way george washington brushed aside his own impotence of ordnance in the revolution your while at key moments he put his foot down and essentially told the brits to stuff it. that didn't stop field marshal bernard montgomery from becoming a thorn in the sight of all american commanders in europe for the duration of the war. but ike, omar bradley, george patton all managed to work around to minimize the negative impacts of the war effort. so...
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john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is happening under current policy. remember, current policy is 35% tax on estates of $35 million or more. democrats are going to be insisting on somewhat more revenue than that, if not all the way up to the level in president obama's budget. finally, that an agreement would include a significant extension of unemployment benefits. remember, th
john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way...
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washington's latest game of brinksmanship collides with the last big budget mess. don't forget, the debt ceiling debacle is back. could it be the gop's last bit of leverage in the cliff negotiations? former republican senator judd gregg joins us next. >>> and developing news. we're live at the hospital where secretary of state hillary clinton is being treated after doctors discovered a potentially dangerous blood clot. >>> but first, a look ahead at the president's schedule, wide open. i have a feeling he might be involved in the fiscal cliff talks? maybe. you're watching "the daily rundown." it's only on msnbc. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card
washington's latest game of brinksmanship collides with the last big budget mess. don't forget, the debt ceiling debacle is back. could it be the gop's last bit of leverage in the cliff negotiations? former republican senator judd gregg joins us next. >>> and developing news. we're live at the hospital where secretary of state hillary clinton is being treated after doctors discovered a potentially dangerous blood clot. >>> but first, a look ahead at the president's schedule,...
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the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minnesota, iowa, and north dakota. while the south will see some thunderstorms move through later as well. >>> kim kardashian expecting her first child with favorite bad boy rapper kanye west. a spokeswoman for kardashian confirmed the news to cnn. twitterverse exploded sunday night african yes told his conce concertgoers, stop the music for my baby mama. >>
the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the...
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there are some people in washington, on capitol hill, who say, "we got the message. and we're going to change." what if they pivot? >> well, but wouldn't it be nice to have a real conservative party in this country for once? i mean, i'm not against having a conservative party. what we have right now, the sort of weird way the republican party has come together as a shelter for a lot of messed up and toxic paradigms. that doesn't feel like a real honest conservative party. it would be nice to have one. you know? it's, like, i'm not looking for the end of any one party. it's like i don't think conservatives are evil. i don't sound like none of these cats who think all liberals are terrible or evil. i don't believe that at all. i think that a conservative party, a real healthy conservative party would understand that there's nothing wrong with someone being liberal. like, we're not lining them up to shoot them. the same way i think anyone who's progressive doesn't think there's anything wrong with conservatives. it would be nice if we had a conservative party that was r
there are some people in washington, on capitol hill, who say, "we got the message. and we're going to change." what if they pivot? >> well, but wouldn't it be nice to have a real conservative party in this country for once? i mean, i'm not against having a conservative party. what we have right now, the sort of weird way the republican party has come together as a shelter for a lot of messed up and toxic paradigms. that doesn't feel like a real honest conservative party. it...
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doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a deal where longshoreman would be paid a fee based on the weight of every container this a ship carries. but the industry finds it prohibitive lee expensive. >> antiquated work rules we've seen in it automotive industry, in the steel industry where efficient will see and new productive machines can come into play and people get displaced by that. it's been a difficult thing but it's one of the things that in order to maintain the cost and competitiveness in a global marketplace we have to pay attention to. >> reporter: president obama is
doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a...
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tahman bradley joins us from washington with more on the stalemate. tahman? >> reporter: john and paula, good morning. tension is growing here in washington, after weekend talks failed to lead to a deal. if there is no breakthrough today, the country will go over the cliff. talks continue but this morning, there is still no deal. >> we'll have further announcements, perhaps, at 11:00 in the morning. i certainly hope so. >> reporter: republicans and democrats negotiated all weekend, with the hope of passing legislation to protect most people from a massive tax hike. >> our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly. >> reporter: there was optimism about deal over the weekend, when the republican leader in the senate, mitch mcconnell, made an offer. that ended when harry reid said he could not present a counterproposal. in a hail mary, mcconnell phoned for help. >> i placed a call to the vice president to see if he could help jump start the negotiations on his side. i want everyone to k
tahman bradley joins us from washington with more on the stalemate. tahman? >> reporter: john and paula, good morning. tension is growing here in washington, after weekend talks failed to lead to a deal. if there is no breakthrough today, the country will go over the cliff. talks continue but this morning, there is still no deal. >> we'll have further announcements, perhaps, at 11:00 in the morning. i certainly hope so. >> reporter: republicans and democrats negotiated all...
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somehow washington never gets the message. and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. now, we are over $16 trillion in debt. president reagan's words and principles remain true today, and they were true when he said them. the problem is spending money. mr. speaker, the american people know this. why doesn't the federal government and congress understand it? why? because washington is obsessed with spending someone else's money. it's the arrogance of power that congress spends the people's money without regard to how this obsession affects those very people. when american families are in debt, they sacrifice, they cut spending, whether that means taking one less family vacation or fewer presents under the christmas tree. homes across the fruited plain are feeling the pain of the economic squeeze in their wall etc. and they adjust accordingly. -- wallets and they adjust accordingly. that's what happens when times are tough. families don't have a limited credi
somehow washington never gets the message. and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. now, we are over $16 trillion in debt. president reagan's words and principles remain true today, and they were true when he said them. the problem is spending money. mr. speaker, the american people know this. why doesn't the federal government and congress understand it? why? because washington is obsessed with spending someone else's...
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cnn's jill dougherty is live in our washington bureau. jill, you and i have been talking closely this morning, but have you learned any more about her condition or anything from her doctors? >> reporter: no, we've been asking, but so far no updates. the state department had a statement sunday night. we're hoping we'll get something new. at this point, it would appear they're really just watching very carefully to see how those anti- anti-coagulants, what kind of effect they have on her. it's been a rough couple of weeks, first the flu, and then the concussion, and now this. it's especially worrisome when you have a secretary of state who's traveled now almost 1 million miles by air, and they've put that on hold, any type of travel on hold for at least another couple of weeks. right now i can't imagine that she is going to be doing much of anything travel-wise. the big issue for the secretary, when she came back -- she was supposed to come back -- was the hearing, a couple of hearings on capitol hill about benghazi, and the state departmen
cnn's jill dougherty is live in our washington bureau. jill, you and i have been talking closely this morning, but have you learned any more about her condition or anything from her doctors? >> reporter: no, we've been asking, but so far no updates. the state department had a statement sunday night. we're hoping we'll get something new. at this point, it would appear they're really just watching very carefully to see how those anti- anti-coagulants, what kind of effect they have on her....
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and gridlock in washington. we'll tell you what happens after the first of the year. >>> let's get a check on the markets. scott joins us from the cme in chicago. the senior vice president at preon group. scott, question for you, we've been looking for a bigger reaction in the futures. we thought if we got to the last day and there was no deal the markets would have a much bigger sell-off. is this something that the market says yes, we think there will be a deal reached at least sometime over the next several days? >> yeah, i think the market does think there will be a deal ultimately reached. the market is afraid that it's not going to be a very good deal. we could have a preverse reaction where we go over the cliff but the cliff is clarity and we can work from there. if we get a band-aid deal the market will take that worse than even going over the cliff. it will be interesting to see how that shakes out. but ultimately i think the guys behind me right now, we want to find out what's going to happen with the 1
and gridlock in washington. we'll tell you what happens after the first of the year. >>> let's get a check on the markets. scott joins us from the cme in chicago. the senior vice president at preon group. scott, question for you, we've been looking for a bigger reaction in the futures. we thought if we got to the last day and there was no deal the markets would have a much bigger sell-off. is this something that the market says yes, we think there will be a deal reached at least...
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good morning, washington. i am scott newman. i's check out our new your forecast. >> it is a pretty decent look at 2012. it 2013 not quite as gray. most of the week should be fine. we have the clouds pushing in from the west. they will slowly increase throughout the day today. i think we will have a lot of filtered sun shine through the morning hours. 21 in manassas. at 24, dulles. 30, d.c. we will warm up throughout the day into the low to mid 40's. right about where we should be for this time of year. more on a wintry mix shortly with the seven-day forecast. let's see how things are moving this morning. a few accidents. >> that right. the major accident is in virginia on route 28, you c the vehicle being towed away. northbound route 28 answered to go virginia with just the left lane getting by. not too much longer hopefully before things are open up. it is slow throurea where they have the lanes blocked off. we will take a look at a map. an accident on the memorial bridge involving a motorcyclist, so watch for police on the sc
good morning, washington. i am scott newman. i's check out our new your forecast. >> it is a pretty decent look at 2012. it 2013 not quite as gray. most of the week should be fine. we have the clouds pushing in from the west. they will slowly increase throughout the day today. i think we will have a lot of filtered sun shine through the morning hours. 21 in manassas. at 24, dulles. 30, d.c. we will warm up throughout the day into the low to mid 40's. right about where we should be for...
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and sam adams -- you mentioned george washington and sam adams. where would you put some of the other big ones? >> james madison was a really young man at that time. he was an activist, but he was not an important figure. john quincy adams was not involved. john adams was a very significant force. a major force in putting the independents and pre- independence where you had a country but it was still undeclared, he was a huge force in that. >> i've got a list of all the books you ever written except for the one you say you never completed in the early times. it goes back to 1969. before i get into some of that, i want to show you a clip of a visit you had here in 1990. we do this the most guests. let's look and see how the changes. [video clip] >> if you go back and look at the history of the republican party, and i don't think i appreciated this in 1967 or 1968, that it has taken power in some of the great cycles of american history, it has taken power from broadbased reasons. 1860 with abraham lincoln and the civil war. in 1996 with william mcki
and sam adams -- you mentioned george washington and sam adams. where would you put some of the other big ones? >> james madison was a really young man at that time. he was an activist, but he was not an important figure. john quincy adams was not involved. john adams was a very significant force. a major force in putting the independents and pre- independence where you had a country but it was still undeclared, he was a huge force in that. >> i've got a list of all the books you...
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washington beat dallas. 28-18 . win or take all game for washington in the 7-game winning streak thanks in a large part to the rookie alfred morris. rg3 was injured in the ballgame and threw for about a hundred. he was a beast in this game. what a season he's had . another great game and a thrilling finish for the packers and vikingings. christian ponder finds michael jenkins for a touchdown. ponder had probably his best game of the season at a crucial time. aaron rogers and you the pack come right back. they score to tie it up. this game was all about one guy. edwin was waiting for adrian petersen to break the record of aaron dickerson. he came so close . had he scored he would have had the record. he came up nine yards and anddoes go over the 2000 yard mark and stockholder greatest season . might be your mvp if you can beat out peyton manning. there is the field goal. and get a rematch with the packers, adrian petersen is the man. >> here is your playoff match up. another game between the vikings and packers. shou
washington beat dallas. 28-18 . win or take all game for washington in the 7-game winning streak thanks in a large part to the rookie alfred morris. rg3 was injured in the ballgame and threw for about a hundred. he was a beast in this game. what a season he's had . another great game and a thrilling finish for the packers and vikingings. christian ponder finds michael jenkins for a touchdown. ponder had probably his best game of the season at a crucial time. aaron rogers and you the pack come...
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good morning washington begins right now. live and in hd, this is "good morning washington," on your side. captioned by the national captioning institute --www.ncicap.org-- >> good morning, washington. it is monday, december 31, new year's eve. cynne simpson has the day off. let's get to jacqui jeras. cold temperatures to finish off 2012. >> it is. it still feels warm and fuzzy after the redskins victory. you're supporting that nice victory tied there, scott. our weather had line for today a pretty decent day overall. the crowds will be on the increase slowly throughout the day. temperatures, we will be at or just above the seasonal averages mid 40's. we have changes on the way, with a light rain and snow max expected for your new year's day. nothing should impact your troubles. our temperatures this morning in the '20s and a few 30's. we have 30 at reagan national. 24 at dulles. 21 in culpeper. our express forecast, looking for the clout to move in. that is the latest on your forecast. we will head over to traffic with steve
good morning washington begins right now. live and in hd, this is "good morning washington," on your side. captioned by the national captioning institute --www.ncicap.org-- >> good morning, washington. it is monday, december 31, new year's eve. cynne simpson has the day off. let's get to jacqui jeras. cold temperatures to finish off 2012. >> it is. it still feels warm and fuzzy after the redskins victory. you're supporting that nice victory tied there, scott. our weather...
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so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon...
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>> tahman bradley reporting live from washington this morning. happy new year to you. >> same to you. >>> the president called the shooting at newtown was the worst day of his presidency. >>> a bus crash has killed nine people and injured others. the tour bus lost control on interstate 84 yesterday morning. it happens in a treacherous section of the blue mountains called dead man pass as the bus was heading back to vancouver from las vegas. the drive survived but was too badly injured to speak with police. >>> nasty weather being said to have caused dozens of accidents across the country. >> here's jim dickey. >>> these early morning temperatures this morning. 5 in burlington, 9 in portland. 18 in boston. now, we switch gears the north central portion. these are your daytime highs. only 9 today in minneapolis, 18 in omaha. that arctic haair is surging in. it will lead to light snow across the plains and ohio valley. >>> time for the rest of the new year's eve weather. snow expected, thunderstorms in much of texas. oklahoma city, little rock, memp
>> tahman bradley reporting live from washington this morning. happy new year to you. >> same to you. >>> the president called the shooting at newtown was the worst day of his presidency. >>> a bus crash has killed nine people and injured others. the tour bus lost control on interstate 84 yesterday morning. it happens in a treacherous section of the blue mountains called dead man pass as the bus was heading back to vancouver from las vegas. the drive survived but...
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thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in lala land, and everyone's saying how you're acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> aren't most folks that way, though? either way the folks on capitol hill have called it a day and they've gone home. they reconvene tomorrow morning, democrats and republicans are so far apart. >> the american people know what's at stake here, we have a tenuous recovery, we have more people going back to work now, businesses are a little more confident
thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> this whole fiscal cliff mess shows how incredibly out of touch you are with...
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. >> and do people in washington, to they realize how angry a lot of americans are? we're down to the wire on a financial crisis that we haven't seen in a long, long time, and there's no agreement. they're scrabbling like kids. do they understand how people feel out here? >> stuart, legitimate comments and certainly, i heard comments like that over christmas and i'm sure a lot of lawmakers heard from constituents, family members, friends, similar things and off camera i've talked to senators today who just said we should be able to work out a deal. now? can you assess the tax rate at half million dollars, we give in on that, they give in on this and we should be able to pull into a deal. anytime we get to a point, number one, there's not any kind of trust between senate majority leader mitch mcconnell and harry reid and he went over his head to vice-president to see at the final hour. >> remember you had group work and somebody in the group waited until the last minute to get their work done. makes you so mad. it's not as if congress didn't know it's not coming, unde
. >> and do people in washington, to they realize how angry a lot of americans are? we're down to the wire on a financial crisis that we haven't seen in a long, long time, and there's no agreement. they're scrabbling like kids. do they understand how people feel out here? >> stuart, legitimate comments and certainly, i heard comments like that over christmas and i'm sure a lot of lawmakers heard from constituents, family members, friends, similar things and off camera i've talked to...
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remarkably however in the last week, suddenly regulations are pouring out of the bureaucrats in washington and hundreds of pages of them. but the bottom line is as you know having been a governor yourself that states that have to balance their budget such as the state of gorming george, we are struggling in this downturned economy to meet the obligations that we already have with regard to health care, particularly with regard to medicaid. to have an unknown cost factor thrust upon us is something that would be irresponsible in my opinion for us to assume. >> and that is the point they don't understand about medicaid. they said we will take care of your expenses and setting up the exchange and making the massive medicaid expansion. but the states have to pay a portion. and even if the feds are picking it up for year three and beyond, you will be in for literally billions of dollars of new obligations for funding, aren't you? >> exactly. we have estimated it anywhere from two and a half to four and a half billion dollars over a 10-year period. and we don't have any extra money like that lyi
remarkably however in the last week, suddenly regulations are pouring out of the bureaucrats in washington and hundreds of pages of them. but the bottom line is as you know having been a governor yourself that states that have to balance their budget such as the state of gorming george, we are struggling in this downturned economy to meet the obligations that we already have with regard to health care, particularly with regard to medicaid. to have an unknown cost factor thrust upon us is...